Economic growth, decline in tax evasion, increased income, high taxpayers’ compliance, as well as ratings, are expected to make the difference in the difference in the difference in tax revenuewhich already increased by € 506 million in the first two months of the year.
Increased tax receipts, coupled with the retention of spending by about € 600 million against the target, led the primary surplus of the budget to € 2.8 billion in January – February, according to Ertnews.
Revenue in the “taxes” category amounted to EUR 11,879 billion, up 4.4% against the target, due to better performance in this year’s tax collection (VAT, EFK, etc.) and the better income tax of the previous year.
Increasing the minimum wage to 880 euros per month since April 1 and the consequent support of all salary scales leads higher income tax, as thousands of taxpayers go out of the tax -free threshold (the tax -free threshold for employees starts up to € 8,636).
According to a report by the Independent Public Revenue Authority (AADE), additional tax revenue of € 7.56 billion was collected in 2024. The total amount entered into the state funds amounted to EUR 68.78 billion, from EUR 61.66 billion in 2023. The increase mainly from taxes and services (€ 3.75 billion) and income tax (€ 3.08 billion), of which € 1.8 billion came from natural persons.
Income tax revenue stood at € 23.99 billion, up € 3.08 billion (+14.76%). The income tax of natural persons increased by EUR 1.81 billion (EUR 14.27 billion in total), while corporate taxes increased by EUR 881 million (€ 7.66 billion in total). The increase is attributed to the highest tax certificates of 2023 and 2024.
- Properties: Revenue from ENFIA amounted to EUR 2.46 billion, down by EUR 29 million (-1.16%).
- Transfer Taxes: Tax revenue in financial and capital transactions amounted to EUR 741 million (+65 million euros). Taxes in the transfer of buildings increased by EUR 111 million, while taxes on transfers of land and farms were raised by EUR 25 million. On the contrary, taxes in stock markets decreased by EUR 23.7 million.
- Taxes to goods and services: Revenue amounted to EUR 37.55 billion, increased by EUR 3.57 billion or 10.52% compared to 2023. VAT had the lion’s share, with total revenues of EUR 18.68 billion from the DOUs (+2.62 billion euros) and EUR 7.65 billion (+33 million euros).
- Special taxes (fuel, alcohol, tobacco) were boosted by EUR 234 million to € 7.25 billion. In contrast, vehicle registration taxes decreased by EUR 31.67 million (-6.58%). The HRAD notes that the increase in revenue is related to the economic activity of the first EMP of 2024.
- Capital Taxes: Revenue stood at EUR 235 million, down by € 5.5 million (-2.3%). The decline is attributed to the reduction of revenue from inheritance taxes, parental benefits and donations.
- Other current taxes: Revenue amounted to € 3.58 billion, up € 1.05 billion (+41.71%). The largest increase came from vehicle taxes.